Coneco Services (UK) Ltd 07844433 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is Building Services Digita Accounts Production Advanced 6.30.9574.0 true true 07844433 2022-12-01 2023-11-30 07844433 2023-11-30 07844433 core:RetainedEarningsAccumulatedLosses 2023-11-30 07844433 core:ShareCapital 2023-11-30 07844433 core:CurrentFinancialInstruments 2023-11-30 07844433 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07844433 core:Goodwill 2023-11-30 07844433 core:FurnitureFittingsToolsEquipment 2023-11-30 07844433 core:MotorVehicles 2023-11-30 07844433 bus:SmallEntities 2022-12-01 2023-11-30 07844433 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07844433 bus:FullAccounts 2022-12-01 2023-11-30 07844433 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07844433 bus:RegisteredOffice 2022-12-01 2023-11-30 07844433 bus:Director1 2022-12-01 2023-11-30 07844433 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07844433 core:Goodwill 2022-12-01 2023-11-30 07844433 core:FurnitureFittings 2022-12-01 2023-11-30 07844433 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 07844433 core:MotorVehicles 2022-12-01 2023-11-30 07844433 core:OfficeEquipment 2022-12-01 2023-11-30 07844433 countries:EnglandWales 2022-12-01 2023-11-30 07844433 2022-11-30 07844433 core:Goodwill 2022-11-30 07844433 core:FurnitureFittingsToolsEquipment 2022-11-30 07844433 core:MotorVehicles 2022-11-30 07844433 2021-12-01 2022-11-30 07844433 2022-11-30 07844433 core:RetainedEarningsAccumulatedLosses 2022-11-30 07844433 core:ShareCapital 2022-11-30 07844433 core:CurrentFinancialInstruments 2022-11-30 07844433 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 07844433 core:FurnitureFittingsToolsEquipment 2022-11-30 07844433 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 07844433

Coneco Services (UK) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Coneco Services (UK) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Coneco Services (UK) Ltd

Company Information

Director

Mr Martin Tregenna

Registered office

3 Marsh Court Farm
Romsey Road
Stockbridge
Hampshire
SO20 6DF

Accountants

Vectis Accountants Ltd
3 Marsh Court Farm
Romsey Road
Stockbridge
Hampshire
SO20 6DF

 

Coneco Services (UK) Ltd

(Registration number: 07844433)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,291

2,257

Current assets

 

Stocks

6

5,200

5,200

Debtors

7

185

131

Cash at bank and in hand

 

3,213

2,493

 

8,598

7,824

Creditors: Amounts falling due within one year

8

(7,563)

(7,731)

Net current assets

 

1,035

93

Net assets

 

2,326

2,350

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,226

2,250

Shareholders' funds

 

2,326

2,350

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 March 2024
 

.........................................
Mr Martin Tregenna
Director

 

Coneco Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Marsh Court Farm
Romsey Road
Stockbridge
Hampshire
SO20 6DF
England

The principal place of business is:
52 Lower Farlington Road
Portsmouth
Hampshire
PO6 1JJ
United Kingdom

These financial statements were authorised for issue by the director on 15 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Coneco Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Office equipment

25% Reducing balance

Fixtures and fittings

25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Coneco Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Coneco Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2022

6,000

6,000

At 30 November 2023

6,000

6,000

Amortisation

At 1 December 2022

6,000

6,000

At 30 November 2023

6,000

6,000

Carrying amount

At 30 November 2023

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

4,144

12,499

16,643

At 30 November 2023

4,144

12,499

16,643

Depreciation

At 1 December 2022

3,138

11,248

14,386

Charge for the year

653

313

966

At 30 November 2023

3,791

11,561

15,352

Carrying amount

At 30 November 2023

353

938

1,291

At 30 November 2022

1,006

1,251

2,257

6

Stocks

2023
£

2022
£

Work in progress

5,000

5,000

Other inventories

200

200

5,200

5,200

 

Coneco Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Debtors

 

Coneco Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Current

2023
£

2022
£

Prepayments

185

131

 

185

131

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

6,599

6,225

Accruals and deferred income

-

699

Other creditors

964

807

7,563

7,731